Learning to catch High Probability Breakouts

[nitingosavi]

trying to catch a high probability reversal
tatamotors fut live. Daily

looks like a good bet..

possibility of double bottom.
it needs to cross todays high to confirm short-term trend line break and retest
RSI has good diversions.

until its abv 300/304 zone trade looks safe!
for options I have bought sep 310 calls @ 4.5 small qty as expiry tomorrow
and next month 320 calls @ 12-13

 

[nitingosavi]

banknifty fut hrly.

inv HnS? far way to go to confirm.
moving avg showing strgth
needs to cross MA 45 (17161)

.. But this is my scenario to trade

target can be HUGE ! looking at next months cheap call options.

 

[nitingosavi]

IDBI... fut daily

breakout possible?

 

[amitrandive]

DishmanPharma

Daily Chart of DishmanPharma

Weekly Trendlines/Support/Resistance=Blue Colour
Daily Trendlines/Support/Resistance=Yellow Colour

Although the background is not do good for this stock,in recent times it has done good.
Doubled from June 2015.

Closing at +17% up today.

 

[amitrandive]

JSWSteel

Daily Chart of JSWSteel

Weekly Trendlines/Support/Resistance=Blue Colour
Daily Trendlines/Support/Resistance=Yellow Colour

JSWSteel earlier doing well is now caught up in the weakness of the entire metal sector.
Closing @ -4% down today.

 

[jain.er]

I will buy JSW @500 levels.
Low of steel cycle, a little upstick in steel demand could do wonders with these steel stocks. Its a pure play indian stoery where TATA has Corus

 

[ravi2126]

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AMIT'JI, is this chart qualify for "bull flag"?
n ur analysis on trident

 

[trump]

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AMIT'JI, is this chart qualify for "bull flag"?
n ur analysis on trident

See how much it has retraced from the top, i think more than 60% of the up move, dont think it should qualify for an bull flag

 

[nitingosavi]

todays list

Testing purpose. not suggesting any buy or sell.
plz observe the todays open as trigger for day trade. give me feedback. in last few days observations.. one thing I noticed, the stocks with RSI(2) in ob/os(70/30) zone gives bigger moves. direction of trade is not defined until it moves abv or below open.give me your feed back if possible.

Ticker Date/Time close range High range Low rsi2 rsi2llv4
AJANTPHARM 23-09-2015 1432.55 1476.00 1390.05 44.0091 19.6634
AMARAJABAT 23-09-2015 977.90 1035.55 965.00 25.1312 25.1312
APOLLOHOSP 23-09-2015 1369.60 1404.95 1347.00 54.0325 54.0325
BANKBARODA 23-09-2015 188.25 196.25 182.45 51.6986 36.1836
DIVISLAB 23-09-2015 1114.70 1129.50 1065.00 67.9517 34.1389
GAIL 23-09-2015 287.30 295.25 283.30 23.6006 23.6006
GLENMARK 23-09-2015 1009.65 1045.30 989.90 17.8685 17.8685
HAVELLS 23-09-2015 251.15 257.80 246.40 36.1655 5.0989
HDIL 23-09-2015 64.00 66.35 60.75 62.8630 33.8773
HEROMOTOCO 23-09-2015 2400.95 2449.85 2375.15 54.0373 36.3567
HINDZINC 23-09-2015 135.40 138.05 129.20 62.5668 33.5780
INFY 23-09-2015 1116.25 1135.95 1092.50 99.4273 92.4984
IRB 23-09-2015 226.05 236.45 215.30 56.4591 42.5152
JUBLFOOD 23-09-2015 1582.80 1652.00 1532.00 48.4377 8.4039
KOTAKBANK 23-09-2015 658.65 670.00 631.00 63.7058 27.5233
M&M 23-09-2015 1208.25 1221.50 1169.75 86.5906 54.9366
NHPC 23-09-2015 16.45 16.90 16.20 26.4325 26.4325
ONGC 23-09-2015 236.55 241.80 229.75 58.4115 34.1462
PETRONET 23-09-2015 177.20 182.95 172.55 53.6340 36.5273
RELCAPITAL 23-09-2015 347.15 351.95 328.00 65.6100 25.8311
SKSMICRO 23-09-2015 397.00 407.20 360.60 44.2932 2.7944
SOUTHBANK 23-09-2015 21.10 21.60 20.45 68.1072 52.1195
SRF 23-09-2015 1130.10 1198.00 1087.90 41.8780 25.8121
SRTRANSFIN 23-09-2015 881.20 928.90 865.00 23.7741 23.7741
SUNPHARMA 23-09-2015 896.75 920.80 888.30 45.8342 45.8342
TATACOMM 23-09-2015 400.10 412.00 393.00 35.1890 35.1890
TATAGLOBAL 23-09-2015 125.00 127.00 122.25 60.7443 27.9539
TATAPOWER 23-09-2015 63.25 65.70 61.70 47.4635 32.4694
VOLTAS 23-09-2015 258.70 263.60 243.00 62.5937 17.2613

I am sure I am heading towards the desired direction. I was using this method before also but randomly. trying to define the direction of trade and "Exact rule for s/l and entry" for intraday only trades. I guess just todays open is not enough. the trades are mainly rewarding. lets hope for the best output.

 

[amitrandive]

Debt Ridden companies
Source:Times of India.

Be wary of Investing in these companies , trading is fine.
Invest in good companies having good balance sheets ,not pile of debts